See More

AirDAO has announced overhaul of tokenomics layin the foundation for a thriving web3 and DeFi ecosystem

2 mins
Updated by Dirk van Haaster
Join our Trading Community on Telegram
Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions.

AirDAO is a community-governed layer-one blockchain with a suite of web3 dApps accessible through the AirDAO Dashboard, all powered by the AMB token. The upgraded AirDAO Tokenomics lays out the changes coming to AirDAO throughout 2023.

The tokenomics upgrade assures the success of the next phase of AirDAO and kickstarts the transition to community-based governance with the implementation of DAO voting. The update to the rewards structure guarantees the long-term security of the network, with enhanced rewards for validator nodes; the addition of a liquid staking solution ensures all community members can contribute towards securing the network due to its lower barriers to entry.

Other changes include the Bond Marketplace, which guarantees sustainable protocol-owned liquidity for the AirDAO ecosystem. The institution of a max token supply, with a goal for an eventual deflationary supply, is crucial for the long-term sustainability of the ecosystem—and AirDAO will implement several burning mechanisms to accomplish this.

Together, these updates establish AirDAO as a community-driven Layer 1 project, set in motion the plan for a deflationary AMB token supply, and ensure the stability of the network for the long term with an upgraded rewards structure. The AirDAO community will decide whether the new, upgraded tokenomics are implemented via DAO governance, utilizing a transparent voting process using Snapshot.

Since launching in September 2022, AirDAO has released the initial products that form the backbone of the fledgling ecosystem and serve as a foundation for further development. These include the AirDAO Bridge, enabling the cross-chain transfer of assets to Ethereum and BNB Chain, and AirDAO Staking. AirDAO products also include a network explorer to view wallets, transactions, and tokens. All released products are accessible through the flagship product, the AirDAO Dashboard.

The AirDAO Dashboard streamlines the DeFi experience into an intuitive, all-in-one interface—unlocking the power of the dApps (Decentralized Applications) within by making the user experience as straightforward as possible. This simplicity-focused approach is reflected in the first dApp released on the dashboard—FirepotSwap—A DEX (Decentralized Exchange) that refines the usually complicated DeFi trading experience into a simple swap of assets and gives users the ability to stake tokens with one click and earn rewards.

AirDAO’s community focus extends to the unique governance structure of the DAO, where all community members will have an equal say in how the ecosystem and blockchain are run while having leadership teams empowered to enact changes efficiently.

Links:

Website | Telegram | Twitter

Top crypto projects in the US | July 2024
Harambe AI Harambe AI Explore
Uphold Uphold Explore
Exodus Exodus Explore
Coinbase Coinbase Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | July 2024
Harambe AI Harambe AI Explore
Uphold Uphold Explore
Exodus Exodus Explore
Coinbase Coinbase Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | July 2024

Disclaimer

This article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto. In compliance with the Trust Project guidelines, BeInCrypto remains committed to transparent and unbiased reporting. Readers are advised to verify information independently and consult with a professional before making decisions based on this press release content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

images-e1706008039676.jpeg
Advertorial
Advertorial is the universal author name for all the sponsored content provided by BeInCrypto partners. Therefore, these articles, created by third parties for promotional purposes, may not align with BeInCrypto views or opinion. Although we make efforts to verify the credibility of featured projects, these pieces are intended for advertising and should not be regarded as financial advice. Readers are encouraged to conduct independent research (DYOR) and exercise caution. Decisions based on...
READ FULL BIO
Sponsored
Sponsored